To the person who commented that people should work their way through
college:Did you notice that Universities and colleges in Utah are
implementing tuition increases of 10% this year and next. College is not
affordable. Check out tuition costs. They are very expensive.

"...monopolizing the student-loan industry...?" They took Nelnet's job! I had
three loans going through school. Every one was through a local financial
institution. Every one was then sold off to one company: Nelnet. Why are
concervatives so upset the fed is taking the banks out of the loop of what was a
federal program anyway? Oh, that's right, for all their belly-aching, they still
love a government subsidy.

This is yet another step the DemoRats are taking toward socialism -- the
government controlling business. This health care bill will mean permanent
economic stagnation. Because of it, we will never again see the prosperity of
the past.

The student loan provision is unconstitutional -- read the
9th and 10th amendments. The federal government can only regulate commerce, not
run it.

All of you complaining about this provision have obviously never paid a student
loan. So stay out of the conversation! For all of you who have, you know this
provision is a good thing... I'm currently in the starting stages of paying
back law school loans. Most of the loans came through the federal government,
however, for some reason my school initially signed me up for private loans. So
about 10% of my loans are administered by a private lender (Citigroup)... I only
found out that Citi was handling a part of my student loans by mistake. I've
never recieved any correspondence from them. When I try to view my information
online, the information is bare to the bone. Very minimal and hard to gauge.
It's like they want to keep me in the dark about what I owe and my repayment
options! Working with Direct Loans (federal) is like night and day. Seamless
and very transparent. This is a great provision because it essentially takes
away free money from these private lenders. For true capitalists, let those
private lenders go out and earn it!

The way I understand it, if you service the loan you are putting up the money.
Thay is why you get the interest. If you are going to guarantee the loan, you
are an insurance policy. In the past, the banks serviced the loan--put up the
money. Now the government will. Hmm...where will that money come from? In the
past, the government only guaranteed the loan--money was only needed for
defaulted loans.

no more corporate welfare (at least not via student loans) for the banks. These
changes should have been implemented long ago. No more corporate welfare
(they’re the biggest welfare (taxpayer money) recipients).